Results 111 to 120 of about 2,035 (162)

The case against efficiency: friction in social media. [PDF]

Npj Complex
Garland J, Bak-Coleman J, Benesch S, DeDeo S, DiResta R, Eissfeldt J, Ha S, Irons J, Kempes C, Lovato J, Roschke K, Smaldino PE, Stephenson AB, Wheatley T, Semenova V.   +14 more
europepmc   +1 more source

The impact of tokenization on the trading process costs and carbon emission: Empirical study on the ODDO BHF Bond. [PDF]

Carbon Balance Manag
Belkhiria S, Abid E, Khiari W.
europepmc   +1 more source

Essays on Bank Liquidity Creation

, 2021
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National Culture and Bank Liquidity Creation

SSRN Electronic Journal, 2021
This paper investigates the relationship between national culture and cross-country variations in bank liquidity creation. We hypothesize that banks in individualistic societies create more liquidity because of risk-taking and overconfidence bias. On the other hand, a better access to soft information likely facilitates liquidity creation by banks in ...
Narjess Boubakri, Zhongyu Cao, Sadok El Ghoul, Omrane Guedhami, Xinming Li   +4 more
openaire   +1 more source

Inefficient Liquidity Creation

SSRN Electronic Journal, 2018
We present a model in which intermediaries create liquidity by issuing safe debt. There are two types of intermediaries: Traditional banks create liquidity by issuing equity and holding assets to maturity. In contrast, market-based intermediaries create liquidity by selling assets in fire sales in downturns.
Stephan Luck, Paul Schempp
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Bank Liquidity Creation

Review of Financial Studies, 2007
Although the modern theory of financial intermediation portrays liquidity creation as an essential role of banks, comprehensive measures of bank liquidity creation do not exist. We construct four measures and apply them to data on virtually all U.S. banks from 1993 to 2003.
Allen N. Berger, Christa H. S. Bouwman
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Financial Intermediaries and Liquidity Creation

The Journal of Finance, 1990
ABSTRACTTrading losses associated with information asymmetries can be mitigated by designing securities which split the cash flows of underlying assets. These securities, which can arise endogenously, have values that do not depend on the information known only to informed agents. Bank debt (deposits) is an example of this type of liquid security which
Gorton, Gary, Pennacchi, George
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Bank size and liquidity creation

Applied Economics Letters, 2021
This paper examines the relation between bank size and liquidity creation. Using panel data on US banks between 2001:Q1 and 2016:Q4, we find that the relation is negative before and during the fina...
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Liquidity creation and bank profitability

The North American Journal of Economics and Finance, 2020
Abstract This paper examines the effect of liquidity creation on bank profitability. Using a panel of US banks, we find that liquidity creation is associated with higher profitability. This result holds during normal times and the financial crisis, and for banks of different sizes.
Ying Duan, Jijun Niu
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Bank soundness and liquidity creation

EuroMed Journal of Business, 2021
PurposeThe purpose of this paper is to investigate how much liquidity banks create and how liquidity creation changed over time in the MENA countries and to examine the soundness of banks in these countries based on the CAME rating system, in addition to investigating the relationship between CAME ratios and liquidity creation of these banks.Design ...
Ahmad Sahyouni, Mohammad A.A. Zaid, Mohamed Adib   +2 more
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